Audit

We provide services in the area of statutory audit and other audit and assurance services, whilst focusing not only on the final outputs of our work, but also on increasing efficiency and effectiveness of processes related to accounting and preparation of the financial statements of our clients. We provide these services in accordance with the International Standards on Auditing issued by IFAC, Act on statutory audit, Code of ethics for auditors and other relevant regulations issued by the Slovak Chamber of Auditors and the Slovak Audit Oversight Body (UDVA).

During the services provision, we continually communicate and inform our clients about the progress, status and findings and do our best to ensure maximally effective audit process.

STATUTORY AUDIT OF THE FINANCIAL STATEMENTS AND AUDIT OF THE GROUP PACKAGE

These audit services are provided in accordance with the International Standards on Auditing ISA 200 – ISA 720. These services represent audit engagements such as:

• statutory audit of the individual financial statements prepared in accordance with the Slovak Act on Accounting,
• statutory audit of the individual and/or consolidated financial statements prepared in accordance with the International Standards on Financial Reporting applicable in European Union (IFRS),
• audit of interim financial statements,
• audit of annual report.

AUDIT UNDER SPECIAL CONSIDERATIONS

These audit services are provided in accordance with the International Standards on Auditing ISA 800 – ISA 810. These services represent:

• audit of a financial statements prepared in accordance with special purpose framework (e.g. statements prepared in accordance with the group accounting policies, statements prepared on cash-flow basis, statements prepared in accordance with the adjusted accounting policies agreed in the share-purchase agreement etc.),
• audit of one of single financial statements, specific elements, accounts and items of a financial statements (e.g. audit of the balance sheet, audit of cash flow statement, audit of receivables, audit of revenues, etc.),
• engagements to report on summary financial statements.

LIMITED REVIEW

These services are provided in accordance with the International Standards on Review Engagements, ISRE 2400 – ISRE 2410. These services are:

• review of the financial statements,
• review of the interim financial information.

OTHER ASSURANCE SERVICES

These services are provided in accordance with the International Standards on Assurance Engagements, ISAE 3000 – ISAE 3402. The services are:

• assurance services other than audit or review of historical financial information (e.g. related to design set up and effective controls functioning, related to economic utilization of the resources in charities and other non-for-profit organizations),
• the examination of prospective financial information,
• assurance reports on controls at service organizations. The purpose of such engagements is to provide a report for use by user entities and their auditors on the controls at a service organization that provides a service to user entities that is likely to be relevant to user entities’ internal control as it relates to financial reporting.
• services of authorised person in accordance with the Act No 315/2016 about the registry of the public sector partners

RELATED SERVICES

These services are provided in accordance with the International Standards on Related Services ISRS 4400 – ISRS 4410.

• engagements to perform agreed upon procedures regarding financial information (e.g. in relation to calculation of financial covenants and other engagements in line with the client’s specifications),
• engagements to compile financial information.

OTHER NON-AUDIT SERVICES

We provide also other non-audit services outside the framework of the International Standards on Auditing in line with the client’s specifications or legislative requirements. This can represent e.g.:

• o examination of the draft of the merger project or preparation of merger related audit report in accordance with the Act on mergers,
• examination of accounting,
• other.